Regulatory Alerts2002-09-09 | 6170Resolution of the Board of the National Bank of the Kyrgyz Republic No. 36/6 on the Formation of Accounting Policies for Commercial Banks and Financial Credit Institutions in 2003
The Board of the National Bank of the Kyrgyz Republic issued Resolution No. 36/6 to mandate that commercial banks and financial credit institutions licensed by the Bank develop accounting policies in accordance with International Financial Reporting Standards. These new policies are required to be implemented starting January 1, 2003, while previously existing accounting policies are designated as having a recommendatory character from that same date. The resolution assigns oversight of its execution to Deputy Chairman K. Sh. Sharshkeeve.
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Date of creation: 2009-08-06
REPUBLIC OF KYRGYZSTAN
NATIONAL BANK
RESOLUTION OF THE
BOARD
2002, _________________ No. ______
Bishkek city
RESOLUTION
OF THE BOARD
OF THE
NATIONAL BANK
OF THE
KYRGYZ REPUBLIC
No. _ 36/6 _ dated _ September 9 _ 2002
Bishkek city
On the formation of accounting policies for commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic in 2003
In execution of paragraph 2 of Article 1 and paragraph 3 of Article 5 of the Law of the Kyrgyz Republic "On Accounting", which establishes International Financial Reporting Standards as the unified methodological basis for maintaining accounting records, the Board of the National Bank of the Kyrgyz Republic resolves:
Commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic shall develop accounting policies in accordance with the principles of International Financial Reporting Standards and bring them into effect from January 1, 2003.
It is established that, with effect from January 1, 2003, the existing accounting policies (according to the list in the appendix) shall have a recommendatory character.
Control over the execution of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Kyrgyz Republic, K. Sh. Sharshkeeve.
Chairman of the Board Sarbanov U.K.
Appendix 1 to the Resolution of the Board of the NBKR "On the formation of accounting policies for commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic in 2003"
List of accounting policies
No. p/p
Name of document
Date
No. Board Resolution
Accounting Policies
Policy on accounting for fixed assets (new edition)
23.02.00
No. 8/6
Policy on accounting for MBO and other material values
23.02.97
No. 2/3
Changes and additions
No. 16/7
Policy on accounting on an accrual basis (new edition)
25.11.99
No. 67/2
Policy on accounting for loans in CBs and FCIs (new edition)
12.12.01
No. 47/5
Policy on accounting for capital in CBs and FCIs
26.04.97
No. 11/5
Changes and additions
27.10.97
No. 22/7
24.12.97
No. 26/10
03.07.98
No. 16/7
Policy on accounting for securities in CBs and FCIs
24.01.01
No. 1/8
Policy on accounting for foreign currency transactions in CBs and FCIs
03.05.00
No. 19/5
Policy on accounting for deposits in CBs and FCIs
11.09.97
No. 18/5
Changes and additions
28.08.98
No. 25/12
14.03.01
No. 5/6
Policy on accounting for off-balance sheet transactions in CBs and FCIs (new edition)
21.11.01
No. 44/3
Policy on accounting for investments in subsidiaries and consolidation of financial reporting of commercial banks and other FCIs licensed by the NBKR
15.11.00
No. 40/8
Policy on accounting for leases in CBs and FCIs
28.09.98
No. 25/4
Policy on accounting for fiduciary management transactions in CBs
14.12.98
No. 34/10
Policy on accounting for intangible assets in CBs
06.11.99
No. 66/6
Policy on accounting for the merger of commercial banks and other FCIs licensed by the NBKR
19.04.00
No. 15/2
Policy on accounting for investments in associated companies of CBs and FCIs licensed by the NBKR and subsidiaries
15.11.00
No. 40/9
Policy on accounting for transactions with precious metals in CBs and FCIs licensed by the NBKR
05.12.01
No. 46/4
Regulations. Chart of Accounts, descriptions of COAs (S)
Regulations on accounting standards and principles of financial reporting for FCIs
12.11.96
No. 36/3
Changes and additions
25.02.97
No. 5/12
30.07.97
No. 16/3
24.12.97
No. 26/10
03.07.98
No. 16/7
Resolution of the Board of the NBKR "On accounting rules and reporting for the banking system"
25.07.01
No. 27/12
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